Rail Vikas Nigam soars on getting LoA from MMRDA
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Rail Vikas Nigam is currently trading at Rs. 127.95, up by 6.05 points or 4.96% from its previous closing of Rs. 121.90 on the BSE.
The scrip opened at Rs. 119.20 and has touched a high and low of Rs. 127.95 and Rs. 119.20 respectively. So far 2581672 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 144.50 on 08-May-2023 and a 52 week low of Rs. 29.00 on 21-Jun-2022.
Last one week high and low of the scrip stood at Rs. 144.50 and Rs. 119.20 respectively. The current market cap of the company is Rs. 25416.40 crore.
The promoters holding in the company stood at 78.20%, while Institutions and Non-Institutions held 8.04% and 13.76% respectively.
Rail Vikas Nigam (RVNL) has received Letter of Acceptance (LoA) from Mumbai Metropolitan Region Development Authority (MMRDA) - Mumbai Metro line 2B for 'Design, Manufacture, Supply, Installation, Testing and Commissioning of 2 nos. 110KV receiving substation including 110 KV, 33kV & 25kV cabling work, complete 25kV overhead catenary system along with switching station, 33Kv auxiliary power distribution system including 33/0.415 kV auxiliary sub-station (ASS) and complete SCADA system for main line & depot of Mumbai Metro line 2B of MMRDA.
RVNL had participated in consortium with SIEMENS India. SIEMENS is the lead partner with 60% share & RVNL as consortium partner with 40% share.
Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.
